EUR / USD On Wednesday, July 3, trading ended for the EUR / USD pair with a decrease of several base points. The bulls of the last forces oppose the bears, who continue to put pressure on the tool. Wave counting, which provides for the construction of the upward trend section, thus remains in force, […]
NZDUSD has been consolidating since June 26 within a narrow range of 0.6655 – 0.6718 and is currently hovering beneath the bearish crossover within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. The near-term bias is looking neutral-to-bearish as the RSI is flatlining near the 50-neutral level, while the MACD is moving slightly lower below […]
BTCUSD has come off its recent highs, with prices diving to test the 9,600 area, before finding fresh buy orders and rebounding. Yet, the price structure on the 4-hour chart now consists of lower peaks and lower troughs, while the 20-period simple moving average (SMA) has also crossed below the 40-period one, so the outlook […]
US 500 index showed a notable advance yesterday, completing a fresh all-time high around 3,000, but it ended the day in red. The advance of the trigger line above the MACD and the bullish momentum in the indicator suggests there is some more room for improvement, while the RSI indicator seems to be flat near […]
American equities soar to record highs, as ‘bad news is good news’ again Loonie advances to best levels this year on Fed-BoC policy divergence Trump calls for weaker dollar, but dollar yawns US stocks hit new records American equity markets sailed into uncharted waters yesterday, with all the major indices – the S&P 500 (+0.77%), […]
USDJPY held in losses over the previous couple of days, dropping back below the 23.6% Fibonacci retracement level of the downfall from 112.40 to 106.77 near 108.10 and the 20-day simple moving average (SMA). The negative bias in the near term is supported by the deterioration in the stochastic oscillator. The %K line of the […]
Since February 28, the EURUSD pair has been moving within the depicted channel with slight bearish tendency. Short-term outlook turned to become bearish towards 1.1175 (a previous weekly bottom which has been holding prices above for some time. On the highlighted period between (May 17th and June 5th), temporary bearish breakdown below 1.1175 was demonstrated […]
Industry news: CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups. More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from […]
EURUSD is trading right below 1.13 making lower lows and lower highs in the short-term. A break above 1.1310 and most importantly above 1.1322 will give us a short-term bullish signal. We keep a close eye on the RSI as a break above the black downward sloping resistance trend line is what we look for […]
Gold price not only bounced towards $1,400 as initially expected, price reached the 2019 highs but got rejected. Gold price has made a double top and under certain circumstances we could see this decline to continue towards $1,335. Blue rectangle – double top Green line – major support trend line Yellow rectangle – target if […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
Overview: The USD/CHF pair fell sharply from the level of 0.9854 towards 0.9694. Now, the price is set at 0.9748. The resistance is seen at the level of 0.9854 and 0.9928. Moreover, the price area of 0.9854 and 0.9928 remains a significant resistance zone. Therefore, there is a possibility that the USD/CHF pair will move […]
To open long positions on EURUSD, you need: In the morning, I drew attention to the support level of 1.1275, on which the further movement of the euro is directly depended. The formation of a false breakout on it, along with a good report on the eurozone service sector, allowed buyers to return to the […]
The latest jobs report out of the United States is expected to hit the headlines on Friday at 1230 GMT. Following last month’s disappointing report, which fuelled expectations that the Federal Reserve will begin cutting rates soon, an anticipated bounce back in the number of jobs added in June could relieve some of the pressure […]
The Canadian employment data for June will hit the markets on Friday at 12:30 GMT. Forecasts point to a relatively soft report, which if confirmed, could take some shine off the loonie. In the big picture though, the outlook for the currency remains bright, as the Bank of Canada (BoC) may be the only major […]
Brent crude oil futures have gained a bit in the last 4-hour session, paring some losses of yesterday’s move. The technical indicators are currently feeding prospects for a possible positive short-term trading as the RSI is pointing up in the negative area and the %K line of the stochastic oscillator is creating a bullish cross with the %D line in the […]
According to Nationwide, the growth rate of real estate prices in the UK slowed down from 0.6% to 0.5%. Also, the index of business activity in the construction sector of the same United Kingdom fell from 48.6 to 43.1. All indicators relate exclusively to the real estate market and the state of which is one […]
EUR / USD On Tuesday, July 2, trading ended with a pair of EUR / USD without any change in the course. However, Wednesday began with a new decline. Eurocurrency again came under pressure from the market, and without any reason. Yesterday, there was practically no news on the tool, but the business activity today […]
On Wednesday morning, the EURUSD rate showed new lows of the current week at 1.1270 – however, the price is approaching strong support at 1.1250 and a turn upward is possible. From a technical point of view, purchases are possible from the zone of 1.1250 – 1.1270, as well as buying at a breakdown of […]
Trend analysis (Fig. 1). On Wednesday, the price may continue to move down, with the first target which is the support line – 1.2511 (blue bold line). Fig. 1 (daily schedule). Comprehensive analysis: – indicator analysis – down; – Fibonacci levels – down; – volumes – down; – candlestick analysis is neutral; – trend analysis […]
Australia is an important country in the financial market because of the resources that it produces. It is one of the most advanced economy, with a GDP of more than $1.3 trillion. Its GDP per capita is more than $54K. The country is known for the vast resources it has and its recent attempts to […]
The United States is disliked by many of its allies and enemies. The European Union, its closest ally was formed partly to compete with the US. Most countries have frictions with the US because of its interference in the world’s systems. The country has attacked nations, killed presidents, and has always interfered in the internal […]
EURAUD found some footing around the 1.6420 resistance level last week and returned to bearish thereafter in the short-term. The price is currently testing the 38.2% Fibonacci retracement level of the upleg from 1.5150 to 1.6660 around 1.6080 and the upper surface of the Ichimoku cloud. The red Tenkan-sen is turning lower above the blue […]
EURJPY has been plunging over the last couple of days, recording a fresh almost two-week low near 121.33 earlier today. The bearish cross within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart is increasing speculation for more downside risks. The RSI is heading towards the oversold territory, while the MACD is strengthening […]
To open long positions on GBP/USD you need: Pound buyers will count on the growth of the PMI index for the services sector, which will help in forming a false breakdown in the support area of 1.2582 and this will be the first signal to open long positions. However, the main task is to return […]
Technical outlook: The EURUSD pair is trading very close to our proposed target of 1.1270 at this moment of writing. It is safe to exit short positions at the current price (1.1285) or at 1.1270 levels and wait for further trading signal appearance. Looking at the wave structure, it is more probable to bounce off […]
To open long positions on EURUSD you need: The situation has not changed in comparison with yesterday’s forecast for the second half of the day. The upward correction is still limited by the resistance of 1.1307, and the bulls’ task remains the same for the time being. A breakthrough and consolidation above this range will […]
The US dollar was able to regain momentum over the Swiss franc. The greenback was trading below 0.9700. Ahead of the NFP report this week, the US currency may extend its gains. However, some analysts think that the US dollar is unlikely to set a long-term rally. Trade wars put pressure on the US economy. […]
Here are the options for the development of the movement of EUR / USD vs GBP / USD h4 vs EUR / GBP h4 from July 3, 2019 – a comprehensive analysis of the instruments. Minuette (H4) ____________________ Euro vs US dollar From July 03, 2019, the movement of the single European currency EUR / […]
Lagarde to take over ECB after Draghi; markets bet on more QE BoE’s Carney strikes dovish tone, drags pound down Oil retreats as traders ‘sell fact’ after OPEC US ADP jobs and ISM non-manufacturing to drive dollar today IMF’s Lagarde chosen as next ECB chief In an otherwise quiet session on Tuesday, the biggest piece […]
